Guangxi Energy Third Quarter 2024 Earnings: EPS: CN¥0.30 (vs CN¥0.012 in 3Q 2023)

Guangxi Energy (SHSE:600310) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥997.9m (down 77% from 3Q 2023).
• Net income: CN¥438.2m (up by CN¥420.3m from 3Q 2023).
• Profit margin: 44% (up from 0.4% in 3Q 2023).
• EPS: CN¥0.30 (up from CN¥0.012 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Guangxi Energy Earnings Insights

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electric Utilities industry in China.

Performance of the Chinese Electric Utilities industry.

The company's shares are up 25% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Guangxi Energy (2 shouldn't be ignored!) that you need to take into consideration.

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